Why It's a Big Deal for Cresco Labs to Report GAAP Financial Results

·4 min read

Cresco Labs (OTC: CRLBF) posted strong sales growth in its first-quarter results announced in late May. This growth wasn't the only notable thing about the company's Q1 update, though. Cresco also reported its results using U.S. generally accepted accounting principles (GAAP) for the first time. In this Motley Fool Live video recorded on June 11, healthcare and cannabis bureau editor and analyst Olivia Zitkus and Motley Fool contributor Keith Speights discuss why it's a big deal for Cresco to switch to reporting its results using GAAP standards.

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